All Forum Posts by: Michael Borger

I'm sending you a private note to discuss in more detail.

Aloha, @Jerome Nistal . It's always good to see other local investors joining BP. No worries on not doing a deal yet - just focus on marketing as your main task and it'll come before you know it. I'm usually in multiple deals at once on the island.

Welcome to BP, @Rechung Fujihira . Very good entrepreneurial spirit you have there - I looked at your profile. I'd like to get into those other types of uses after I do some more traditional residential projects.

808-377-4379 or the contact form via my website. Or send me a private note and I'll share my email address. I don't want it scraped publicly here.

A bit too thin for my taking. If you have others in Hawaii (or CA) with some more juice in them, I'd be interested.

Aloha - Are you looking for both a wide open ocean view as well as a separate house for cash flow? We have BOTH.

We are selling a rarely available MINI-ESTATE in Kaneohe, Hawaii. Remodel or rebuild the upper 2-story house with sweeping ocean views over Kaneohe Bay on this large 28,000+ sqft lot. The lower house is in excellent shape and currently rents for $2500/month to a professional couple (month to month) - it also features tremendous ocean views from its lanai.

These mini-estates rarely become available on Oahu. With low interest rates and development happening around the island at breakneck speed, there has never been a better time to secure one of the prime pieces of real estate on Oahu that you will keep for generations.

Make it your residence and rent out the other house or keep it for visiting friends/families. Or use it as an incredible vacation rental for Hawaii's higher-end destination clientele looking for options outside of Honolulu.

The Hawaii real estate market has been one of the most consistently appreciating markets nationwide year after year.

Offered at $1,498,000.

Contact me here or listing broker Jeffrey Samuels at 808-221-0557. * Discount if you use my broker!

Aloha! Looking for a super price on a Hawaii vacation rental....or your next island home? I'm selling a newly renovated 2-bed 2-bath townhouse in the Coconut Plantation neighborhood of Oahu's Ko Olina. Home of the island luaus, Disney's nationally #1 rated Aulani resort, a new Four Seasons and more, this is the BEST priced unit in Coconut Plantation.... by far!

The last comparable sold for $655,000 in the same condition. Mine?

Only $610,000! 

Here are some virtually staged photos for your enjoyment.

For more information, write to me here or CALL ME at 808-377-4379.

You can also contact my listing broker here. (discount offered if you use my broker)

Contact http://hawaiimortgagecentral.com . Jon Kutsmeda is a mortgage expert - see what he might be able to do for you.

Aloha, @Bj Carvalho - how about selling the property to an investor with some owner financing to defray the cost? Is it possible to sell it with enough of a down payment to help defray your cost but leave enough 0% seller financing to make the property attractive enough to an investor? The more you can the reduce the capital cost to the investor, the closer to market value you can get. Perhaps there's a happy medium in there somewhere. If you want to talk specific numbers on the property itself, drop me a line.

Mike

@Jasmine C. If you're going to effectively partner with her then you need to be crystal clear -- on paper -- as to who is responsible for what expenses and what percentage of NET proceeds after the sale in addition to what happens if things don't go according to plan. You could achieve the same basic structure by buying the house subject to the existing mortgage. Regardless, you'll still have to come up with renovation funds so you'll still need to come up with some money.

Even more so, you need to come up with a floor amount, i.e. what number is being used as the basis for calculation of net profit? Anything net of renovations and holding costs above 700k? Above 650k? 600k? Where is the threshold between what you're entitled to for your percentage of the split and what solely goes back to the husband and/or wife? For example, 40% net profit above 650k.